This worries me because of all the crap that happened before with the market. Flipping gets rid of those value houses and replaces them with often very poorly done expensive houses. On the plus side, it really helps out contractors, because the flippers pay certain ones to cut corners and do cheap work, and then the home owners have to pay others to fix it. I blame stupid DIY shows about house flipping. They convince people they can make a ton of money fixing up crappy houses...but they have to seriously cut corners sometimes to do that. By contrast, at least with renting you consider if you're gonna have to fix something in a year or two.

The increased competition will make them cut corners...but maybe it will also make it so a few get out of the market and try something else.

But I'm biased. I don't like how expensive houses are as it is. I don't want people slapping paint on and upping the price or doing really bad repairs. I'd rather people get a cheaper house that are actually going to move in and live there and fix it up or fix it up and rent it.